Swiss stocks - Factors to watch on Aug 30

VP Bank AG

30/08/2016 06:17

ZURICH, Aug 30 (Reuters) - The following are some of the 
main factors expected to affect Swiss stocks on Tuesday: 
     
    CREDIT SUISSE  CSGN.S   
    The Swiss Stock Exchange said on its website Capital Group 
Companies increased its stake in the bank to 5.051 percent, from 
just over 3 percent in April 2015. 
    For more, click on  CSGN.S  
       
    COMPANY STATEMENTS  CPR-CH  
    * Alpiq Holding  ALPH.S  said it had launched another tender 
offer for up to a maximum of 300 million Swiss francs of its 
outstanding bonds due between 2017 and 2021.  ALPH.S  
    * Baloise  BALN.S  said it generated a profit of 223.6 
million Swiss francs in the first half of 2016, down from 248.7 
million francs a year ago.  BALN.S  
    * Huber+Suhner  HUBN.S  said first-half net income was 29.9 
million Swiss francs, up from 6.1 million francs in the same 
period last year, adding it "anticipates continued positive 
development in the second half year of 2016".  HUBN.S  
    *Santhera  SANN.S  said the U.S. Food and Drug 
Administration (FDA) has granted it an award of $246,000 in 
support of its ongoing phase I trial with omigapil (CALLISTO) in 
patients with congenital muscular dystrophy (CMD).  SANN.S  
    * Sulzer  SUN.S  said it completed the acquisition of Geka. 
 SUN.S  
    * Valartis Group AG  VLRT.S  said it generated a loss of 
46.5 million Swiss francs in the first half of 2016, due to the 
divestment of Valartis Bank (Austria), while the loss 
from continued operations was reduced to 7.5 million.  VLRT.S  
    * Vetropack Holding  VET.S  posted consolidated first-half 
profit of 24.4 million Swiss francs, up 71.8 percent on the 
previous year's figure. For the 2016 fiscal year, it said it 
expects a higher result compared to last year.  VET.S  
    * VP Bank  VPBN.S  posted consolidated first-half net income 
of 24.4 million, down from 40.9 million in the same period a 
year ago. It also plans to hire an additional 25 senior client 
relationship officers per annum during the next three years. 
 VPBN.S  
     
     
     
    ECONOMY  M-CH  
    * Switzerland's KOF Indicator  CHKOFL=ECI  for August is 
published at 0700 GMT. 
    * Swiss non-farm payrolls  CHNFP=ECI  are published at 0715 
GMT. 
    
     
 
 (Reporting by Zurich newsroom) 
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